U.S. and U.K. Take Largest Action Ever Targeting Cybercriminal Networks in Southeast Asia

Treasury Designates One Scam Network As A Transnational Criminal Organization; Cuts Another Off from U.S. Financial SystemWASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN), in close coordination with the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO), took complementary actions against criminal networks responsible for targeting citizens of the United States and other allied nations through online scams and the laundering of stolen funds. OFAC has imposed sweeping sanctions on 146 targets within the Prince Group Transnational Criminal Organization (Prince Group TCO), a Cambodia-based network led by Cambodian national Chen Zhi that operates a transnational criminal empire through online investment scams targeting Americans and others worldwide. In addition, FinCEN finalized a rule under section 311 of the USA PATRIOT Act to sever the Cambodia-based financial services conglomerate, Huione Group, from the U.S.